Talk about timing. Last week Lemonade revealed Lemonade Car, its entry into auto insurance. This week, it announced the acquisition of Metromile, one of the largest usage-based auto insurers in the world. Insurtech M&A has been strong, but admittedly, I didn’t expect to see a transaction like this so soon. But I suppose I shouldn’t be surprised. Afterall, Lemonade is a highly ambitious digital insurer. Within six years it has gone from startup to a global, publicly traded brand with a market cap of nearly $4B. Its product expansion has been as meteoric as its rise within the industry. Whether you were surprised by the announcement or not, this is big news for all of us:
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